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There's really just so much going on right now. I have no idea how to measure a given Austin building surge (I've only been here for 5 years) but it seems like you could reasonably call this one of the "busiest" times (for groundbreakings, for permitting, for proposals, for general activities) in recent years. It also feels as if the scale of what's in the pipeline is more significant than the recent past -- I'm thinking CC expansion, Statesman site, airport master plan, Project Catalyst, McKalla stadium -- all bracketed by the Project Connect insanity that's percolating in the background. Anyhow -- I always feel like it's worth taking stock of the totality of the projects we talk about in individual threads. Taken together, it's really just amazing where we are and what we're seeing. |
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I would be curious to know what the success rate of our towers are in the boom era. That is -- when a given project makes it to the proposal stage, what are the chances it makes it in a relatively linear fashion through to completion? I think we have some healthy (and well earned) skepticism on this board, but I also feel like it's rare that a tower makes it to proposal stage and DOESN'T achieve lift off within the next year or so. When I say that I'm thinking about the stuff we Forumers consider in planning/envisioning stage -- and from a probability standpoint what will reasonably make it to completion. I feel like a good chunk of what we know about WILL achieve lift off, eventually . . . and usually in a form that's consistent with original plans. |
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As a footnote, I used to think we couldn't continue to meet the demand for new growth due to manpower and equipment shortages, but I keep meeting people from out of state moving to Austin for the construction jobs, and apparently, there are enough cranes and operators to fill the demand, so far. But there still could be a few projects on hold because of this so I wouldn't say we are full steam ahead. |
Austin is having its moment for sure, but a somewhat similar construction boom is happening in all the major cities right now. The last time (maybe the only time) the US experienced this kind of explosive skyline growth was towards the end of the roaring 1920s. An amazing number of iconic US skyscrapers were actually completed in the early years of the Great Depression following the Wall Street crash and global economic failure. I'd love to believe that there are compelling reasons for the current construction boom, but I have a sense that this frenzy is unsustainable and the product of a lending environment that is metaphorically hooked on the meth or crack high produced by near zero interest rates. Having said that, I would truly love to see these projects built simply because I love looking at them, and I sincerely hope my gloomy/cynical outlook is just a product of old age.
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While there may be cities around the country seeing their share of construction, in terms of volume on visibly transformational scale, Austin stands out from the rest of the pack.
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The ABJ has an article (with no new info) about this project that also amounts to a future downtown tower development round up. It also mentioned that Riverside Resources bought the real estate next to this tower where the Belmont is. I don't remember if that is news or not - there are so many tower plans.
Paywall alert of course: https://www.bizjournals.com/austin/n..._news_headline |
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This may be a few feet taller than 6XG given the apparent height difference between each of these two towers and 300 W. 6th. |
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....At least it won't have the monstrous metal-paneled parking podium that 6xG is going to have. |
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Amazing.
What does the article say about BBVA’s involvement? If you get tower naming rights, that’s gotta mean something significant.... |
Wow. They keep coming.
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[QUOTE=We vs us;8780365]Amazing.
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